Ulsan City to Continue Local Tax Support Policies for Citizens Affected by COVID-19

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Ulsan City announced that it will continue to implement the ‘2022 Local Tax Support Measures,’ which include extensions of local tax payment deadlines, deferrals of collection, and postponements of tax audits, following last year’s efforts in response to COVID-19.

The targets of this ‘Local Tax Support’ are self-employed individuals and small business owners who suffered losses due to social distancing measures such as restricted business hours, as well as individuals facing economic difficulties due to confirmed COVID-19 cases or self-quarantine.

Key support details include extending the reporting and payment deadlines by six months, with one additional extension allowed for up to a maximum of one year, for self-reported tax items such as acquisition tax, local income tax, and resident tax business place portion.

Similarly, imposed and notified tax items such as property tax and automobile tax can also have their collection deferred for up to one year.

Local non-tax revenues will be subject to deferral of delinquent disposition and extension of payment deadlines according to the provisions of individual laws.

Tax audits for taxpayers experiencing business downturns will be postponed, and written audits will be utilized depending on regional circumstances.

An official from Ulsan City stated, “If the head of the local government deems additional local tax reductions necessary, reductions can be made through local government ordinances or resolutions of the local council. In particular, property tax and local resource facility tax reductions will continue for benevolent landlords.”

This content was produced with the assistance of AI translation services.